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25 WEST Avenue S, Hamilton — listed at $1,575,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Solid 7-unit investment opportunity in Hamilton's sought-after Corktown neighbourhood. This well-maintained asset features six oversized 1-bedroom + den units and one 1-bedroom basement suite, with the larger units offering strong potential for conversion to 2-bedroom layouts, creating a clear value-add opportunity. Current operations generate a 6.1% cap rate based on existing income and expenses, supported by a stable tenant base and consistent rental demand. The property benefits from separately metered hydro, shared laundry facilities, one storage locker, and eight surface parking spaces, including a recently paved rear parking area. Six units feature private balconies with rear fire escape access. Well-maintained common areas and attractive landscaping contribute to tenant retention and curb appeal. Ideally situated in a high-demand rental location close to downtown Hamilton, major transit routes, hospitals, employment centres, and everyday amenities. An excellent opportunity for investors seeking stable cash flow with meaningful upside through future unit optimization and rental growth. (id:60164)
What's the parking situation?+
This property includes 8 spaces — Open.
This home was built in 1910 — what should I watch for?+
Homes from this era may have original wiring, plumbing, or insulation. Key checks: electrical panel (100 vs 200 amp), roof age, furnace age, and whether the basement has ever had water issues. A thorough home inspection is essential.
How is the space laid out across floors?+
This is a 3-storey multi-family. The 7 bedrooms and 7 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is 25 WEST Avenue S a good fit for a growing family?+
With 7 bedrooms and 7 bathrooms (4800 sq ft), there's room for kids plus a guest room or home office. The 3-storey layout keeps living and sleeping areas separated.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
How is the home heated? Is it efficient?+
Heating is radiant heat. Ask for past utility bills to understand real heating costs.
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